Financial Management For Future Entrepreneur

By Budi Sasongko and Bawono Suryaning

Financial Management For Future Entrepreneur, presenting business and financial management books integrated into business guidelines for beginners who have never done business before. This book is written by business and finance practitioners as well as academics who combine academic and practical knowledge in this book

• Language: English
• Publisher: Triple Nine Communication
• Release date: Nov 28, 2020
• ISBN: 9798557500791

Budi Sasongko

DR. Budi Sasongko is a business practitioner and has more than 10 years of experience in managing state-owned companies as president director.In the academic field as a permanent lecturer at STIE Jaya Negara Taman Siswa Malang and actively conducts research in the field of business, especially finance.

Book preview

Table of Contents

Part 1. Start Your Business 1

Chapter 1. Know What You Have Now 2

1.1. Review What You Have Now 2

1.2. Do you have a team or work with your self? 6

1.3. Look Out Side 12

Chapter 2. Every Think Have Risk 14

2.1. Know Your Business Risk 14

2.2. Plan Your Strategy 18

2.3. Do Not Forget Back Door and Exit Plan 26

Chapter 3. Business and Risk Scenario 30

3.1. Imagine Before You Do a Business 30

3.2. Business Research 41

3.3. Business feasibility study 51

Chapter 4. Plan Your Business 54

4.1. Business Internal and External Factor 54

4.2. SWOT Matric 60

4.3. Canvas Model 64

Part 2. Let’s Make A Choice 76

Chapter 5. Who are you ? 77

5.1. Know Your Self, Extrovert or Introvert 77

5.2. Know your friends, digital friends or real friends 84

5.3. Know your environment, blue ocean or red ocean 90

Chapter 6. Market First or Product First 94

6.1. You Able to Choice When You Know Your Self 94

6.2. See Inside or See Outside 98

Chapter 7. Every Business Start from money or from human 102

7.1. Money First or Human First 102

7.2. You Are Your Best Employee 103

7.3. No Money No Cry, All Is Well 106

7.4. Human Capital Vs Money Capital 115

Part 3. Let’s Make First Project 118

Chapter 8. Find Key Resource 119

8.1. Fund Finding 119

8.2. Talent Finding or Hire Your Self First 123

8.3. Place Finding 128

8.4. Equipment and Machine Finding 133

8.5. Materials Finding 137

Chapter 9. Cash and Cost 139

9.1. The Budget Process 139

9.2. Cash Flow 140

9.3. Business Performance Measurement 141

Part 1. Start Your Business

This section describes the steps to represent starting a business or business from scratch, assuming the reader has never done business or owned a business at all.

Chapter 1. Know What You Have Now

Review What You Have Now

Many people are confused about where to start a business. A strong desire to start a business is accompanied by confusion about where to start.

If you experience something like this, you should sit down for a moment. Clear your mind, Calm down, take a deep breath, and exhale.

No need to go far ahead and start everything off perfectly. Understand we're just getting started. Understand all the required processes. Can dream as high as you want. However, don't forget to come back to reality.

Understand the reality of the moment. Understand what you want to achieve. Understand your biggest dreams that you really want to fulfill. But don't forget today. Don't forget the moment and don't forget what you already have now.

Be patient, calm your mind. Inhale and exhale. Please close your eyes, imagine, feel, express within yourself that you will achieve it. Think and imagine what you really want to manifest. Believe that you can make it happen. But, be patient….

Everything needs a process. Return to your current position without forgetting your big dreams. But believe you can achieve it.

Are you still closed at this time?

Suppose you want to close your eyes and feel happy by feeling your big dreams come true and manifest until they feel genuine. Close your eyes, think, believe, and feel as if your dream is real. Keep doing this until you feel delighted and get new energy to be ready to start.

Please do it again until you get a new spirit to start. Take your breath. Open your eyes. And look around you.

Take a piece of paper. Write down what your dream is and when you want to achieve it. Believe you can achieve it.

Write down all your dreams. Then come back to reality. Look around you. What do you have now?

Don't focus on what is lacking but focus on what is already there.

Write down what you have right now that might support you. Maybe yourself with your smart brain and your creativity. Maybe your best friend. Maybe your parents or your brothers and sisters.

Focus on what you have now. Now, imagine when you lost them, what you felt. Understand that the most valuable person in your life is leaving.

Feel the pain, feel the pain, feel all the pain you felt when those you loved left. Suppose you feel sad if you feel angry. Close your eyes. Imagine what you want to do for them. Imagine how you would feel when you made them happy.

If you feel better, that is the basic capital in the business, which is to feel what you feel and feel for what might happen to other people.

The most valuable asset that cannot be lost from yourself is yourself. Now respect yourself, imagine your dreams, write down what is great, and cool about you.

Could you write it down on a piece of paper? Write down what you already have that might help achieve your dreams. Maybe your old guitar. Or your old computer, or your dad's legacy shoes.

Appreciate what is now. Then you will be able to appreciate what you get afterward.

Understand what you have now. Understand what supports you to achieve your dreams in the future that you already have now. Write, feel, appreciate, accept, and be prepared to get strength from whatever you already have and consider valuable. Never judge something from material nominal but appreciate anything that might help you achieve your dreams.

There are no rich and poor there are only different conditions. When you feel you have no money or go bankrupt. Calm down; it is not attached to you forever. You're not poor just in a cash-strapped situation.

Likewise, when you have a lot of money or possessions. Relax, don't feel great just yet. You're not rich just in the situation of having lots of possessions.

Rich and poor are only perspectives. There are only humans in different situations. So that wealth and property do not affect you.

When you are in a shortage of money, understand and accept that you are in a situation shortage of money. You have to plan anything to achieve your dreams with your current condition, which means that every minute ahead is your chance to make things better.

Likewise, when you are at a large profit, a lot of money and wealth. Be patient first, don't be careless because everyone can be in a different position. Understand that you have been in a sufficient condition in wealth. So, take control of your assets, manage your assets well, and invest them carefully. Because every minute or even second in the future of your present is an opportunity for you to make yourself better, and if you let your guard down, it can threaten you to lose what you have now.

Understand what you have now. Understand your current situation, accept respect, and be prepared to change for the better because every second in the future from your present is your opportunity as well as your threat in realizing your dreams. Understand, accept, and write.

Do you have a team or work with your self?

Return to self-understanding in the previous section. A fundamental question. Do you have someone you can trust as teamwork that can support you?

Get to know your friends. However, if you don't have friends, it doesn't matter. You have yourself as your friend. If you don't have friends you can trust as partners, it's fine. You can make yourself your partner because you are human.

Building teamwork can develop quickly, but it has weaknesses, namely differences of opinion and good communication are needed to build a team. However, if you have enough social capital to direct your friends as solid teamwork, you can count on them to help you achieve your dreams. However, if you don't have people you can trust in your business. You can start with yourself and build a business starting with you.

What Is Social Capital?

The term social refers to the positive interactions of human interactions (Sakhi, 2020). Positive results may be tangible or intangible and can include useful information, innovative ideas, and future opportunities.

Social capital can describe the contribution to organizational success that can protect personal relationships and networks, both inside and outside the organization. It can also be used to describe personal relationships within the company that help build trust and respect among employees, leading to improved company performance.

Understanding Social Capital

Social capital allows a group of people to work together effectively to achieve a common goal or goal. It allows communities or